View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
October 5, 2020

Hyundai fourth-largest global EV supplier in January-July

Hyundai Motor Group was the fourth largest global supplier of electric vehicles (EVs) in the first seven months of 2020, according to research carried out by the Korea Automotive Technology Institute.

By bcusack

Hyundai Motor Group was the fourth largest global supplier of electric vehicles (EVs) in the first seven months of 2020, according to research carried out by the Korea Automotive Technology Institute.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

The group's two main car brands, Hyundai and Kia, reported a 25% rise in global EV sales to 60,707 units with models such as the Hyundai Kona Electric and Ioniq and the Kia Niro and Soul Boxcar EV.

The increase was driven mainly by higher demand in Europe and South Korea. 

The global market leader in the seven month period was Tesla, with sales rising by 4% to 191,971 units, followed by Renault-Nissan with 86,189 units, down 5% year on year. The Volkswagen group was third with sales more than doubling to 75,228 units, while China's BYD Auto came in fifth despite a 63% drop in EV sales to 42,340 units.

Hyundai Motor Group was the leading global supplier of hydrogen fuel cell vehicles, according to the institute, with sales jumping by 60% to 2,879 units year to date, followed by Toyota with 439 sales, up 71% year on year.

Free Report
img

What does the future hold for the US electric vehicles market?

The US Electric Vehicles (EV) market has established itself as one to watch. Despite China maintaining the number one spot, the US holds significant standing as one of the major EV markets, with GlobalData’s whitepaper identifying a strong growth trajectory within the forecast period. This report further analyzes the trends, market drivers, and government incentives set to influence and facilitate the market.   This report also looks beyond the US and touches on environmental concerns set to drive the EV market worldwide.   Want to find out more? This report demonstrates GlobalData Explorer’s sector analysis capabilities, showing how you can:  
  • Get historical and forecast market sizing data, with country specific insight for 22+ of the world’s largest industries
  • Track sector dealmaking activity, to view aggregate volumes, specific deals and top investors for all major deal types in M&A, Capital Raising, and Partnerships
  • Analyze news from GlobalData Explorer’s News Database – enable screening and alerts by industry, company, geography and news sentiment for filtered insight
  • Identify and track the key disruptive trends that are keeping the top digital thought leaders talking through social media analytics
  Consult this report now to find out how you and your company can benefit from our Explorer platform.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Monday. The industry's most comprehensive news and information delivered every quarter.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Auto